Caddis Partners Eyes $1B in Healthcare Property Buys by 2022

A Dallas-based investment, development, and management firm that focuses on healthcare real estate is aiming to snap up at least $1 billion worth of properties by 2022.

According to a story in The Dallas Morning News, Caddis Partners LLC launched a new investment fund in November to make all-cash purchases.

The company says it collaborates “with physicians, hospitals, and other healthcare providers to create outstanding medical facilities and environments that support excellent patient care.”

Caddis recently bought a dozen properties for $111 million, The News reported, and has three more under contract for $56 million. They include seven buildings in Texas, at least three of them in Plano.

On its website, Caddis says its existing portfolio includes a 66,819-square-foot medical office building in Arlington anchored by Texas Health Resources, a 48,910-square-foot medical office building in Sunnyvale, and a 51,280-square-foot medical office building acquired out of foreclosure in Frisco.